US Bankruptcy Filings Top 2020 Pandemic Peak, Business Insider Says

Bankruptcy filings in the United States have risen above the highs recorded during the 2020 pandemic, Business Insider reported, citing the latest court data for both corporate and personal cases. The upturn suggests mounting financial pressure across multiple sectors despite the overall economy continuing to expand. The deterioration comes as small-business credit conditions soften. An Equifax index of small-business lending, highlighted in a separate analysis this week, showed volumes declining 3.3 % in June from the prior month, while delinquency rates edged higher in more than half of U.S. states. Weaker credit demand and lingering tariff-related uncertainty are adding to the strain, according to industry surveys.